Giving kids money like this in college will lead to a lot more kids who had professional capabilities flaming out in college. They will now have all this money and no one to guide them. No sports agent will be around to give them advice. They will get lazy and waste their opportunities. It will also attract low life people hanging around them bleeding them dry for wine, women and song. This is impending disaster. Many of these kids will end up with no money and no college degree. That's a shame!
The above is littered with assumptions, many of which are rooted in stereotyping. How is NIL different from getting a bad agent, bad advice, and also having extended family members asking for money from a pro contract? Athletes previously had been sending leftover per diem home and then when they got cost of living payments that was headed home too for some.
Even before NIL, some of our own hoops players had a small network who hung around them or even lived in the apartment with them.
At least in college, they will have coaches and academic advisors helping guide them and eventually schools with reputations for doing better at guiding and helping athletes keep/grow their wealth will be as well received as an agent with a good rep.
If anything, NIL will keep kids in college longer enabling more degrees, more shelter from those seeking handouts, and more maturing to avoid poor decisions. Based on rumors, kids are making way more as a D1 starter than they would as a G-Leaguer. So, they are going to be sticking around NCAA longer in the interim